European Shares Mixed Amid Profit Taking

European stocks were mixed on Tuesday as investors monitored currency movements and looked ahead to further progress in Brexit talks and U.S. tax reform.

In economic releases, business activity across the euro zone accelerated to its fastest pace in over six years in November, data showed. IHS Markit's final composite PMI was confirmed at an earlier flash reading of 57.5.

The pan-European Stoxx Europe 600 index was down 0.2 percent at 386.70 in late opening deals after rising as much as 0.9 percent on Monday, propelled by progress towards U.S. tax cuts and hopes for progress in Britain's Brexit talks.

The German DAX and France's CAC 40 index were also down around 0.2 percent each while the U.K.'s FTSE 100 was rising 0.2 percent as the pound extended its Brexit setback slide.